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If you’re a franchisor considering a merger, you’re looking for a way to grow your business. You don’t want to sell or lose your involvement, but you think that combining forces with another related company may help you both thrive in a highly competitive industry. To...
If you have workers at your franchise business who are in a protected class, you know that you must be wary about anything that could be considered discrimination against them. These classes include things like race, religion, sex, and age, just to name a few. In some...
Buying a franchise can be a good way to open a business and bring in compensation. However, buying into the wrong franchise can come back to hurt you later by resulting in poor returns or even negative returns. There are times when it’s not appropriate to buy a...
Franchises are anything but “one-size-fits-all.” Many smaller-sized enterprises, known as “micro-franchises,” represent an opportunity for budding entrepreneurs to get in on the ground floor of a potentially successful business. While still adhering to traditional...
Servicemen and women who reach the end of their military careers often want to explore new opportunities to re-enter the civilian world. For many, franchising represents an option to “hit the ground running” with a built-in business model and potentially a more modest...
With people living longer lives, careers don’t have to end when someone reaches a certain age customarily associated with retirement. In fact, many older people are pursuing new endeavors, including ownership of their own franchise businesses. Prospective...
As a franchise owner, you make the decision to let an employee go so that you can hire someone to replace them. When you let them know that this is their last day, they become angry and ask why. You feel that the situation is escalating uncomfortably, so you decline...
Becoming a franchisee is an attractive option for those who wish to establish a business without creating one from scratch. One of the benefits of franchises is that the owner, or franchisor, has already set important matters regarding the company, such as quality...
As a franchise business owner, you naturally want to do what you can to avoid getting into disputes. But despite your best effort, this may still happen. What can you do if you get into an argument or disagreement with the franchisor? Fortunately, litigation is not...
It’s a simple fact that franchise business partners owe fiduciary duties to each other. You share in the profits of your business as well as the risks and liability, and you make important decisions together. If your partner passes away, or if they decide to leave the...